stocks

Apple's prospects are dimming! Wait, the company is poised for a comeback! It all depends on which analyst you choose to listen to these days.

In an investors note released yesterday, Citi analyst Glen Yeung lowered his rating on Apple stock to Neutral from Buy. Citi initiated coverage of Apple last month, issuing a Buy rating based on an expected recovery from the stock's then "near-term trough."

But with the share price now below $500, Yeung now sees the "likelihood of any near-term rally as diminished." Though he expects the stock to eventually rebound, … Read more

Some users may have noticed that on Black Friday, Walmart was ever-present in Facebook's mobile news feed. That's because the massive retailer was trying out an experiment -- it took out 50 million ads on the social network in an effort to drive users to its Web site for holiday deals.

This experiment was Facebook's biggest mobile advertising campaign ever, and it's looking like there will be more to come, according to the Wall Street Journal. The social network is apparently thinking about letting other companies partake in similar experiments.

Walmart's collaboration with Facebook was … Read more

The shakeup that landed Facebook on Nasdaq's top 100 list is also leading to the departure of other prominent tech players.

Facebook was added last week to the Nasdaq 100, the collection of the largest 100 nonfinancial companies trading on the stock exchange. Facebook's addition to the index came with the departure of IT consulting company Infosys, which is moving over to the New York Stock Exchange.

However, Infosys is not the only tech company leaving the index. A handful of other prominent tech players, including Netflix and beleaguered handset maker Research In Motion will be dropped from … Read more

Even with Apple's top product arriving in more stores around the world, and its last products of the year shipping out, Wall Street's not so hot on the company today.

Shares of Apple closed at $509.79, down $19.90, or 3.76 percent, on Friday. That's near where the stock was trading in February, ahead of the journey that would take it beyond its high of $702 in September.

Of course everyone's looking for explanations behind the slump, a behavior that's become regular in the nearly three month span since the iPhone 5 went … Read more

Leaked from today's 404 episode:

- Analyst: Instagram will be big moneymaker for Facebook.

- NY Senator drafts bill to make ticket scalping at benefit concerts illegal.

- The most expensive, useless, awesome 3D-printed object ever.

- Home invasion plot foiled by Xbox 360.… Read more

It has been a rough few weeks for Apple investors, and so far, this week isn't looking much better.

Shares, which dropped nearly 10 percent last week alone, slid 1 percent to $527.74 in recent trading after Jefferies analyst Peter Misek cut his target price for Apple's stock to $800 from $900.

Misek said that Apple's financial results this quarter and next quarter should be well above analysts' expectations, but decelerating unit sales, price declines, and gross margin pressure should limit the stock's climb.

Seventy-seven days after putting the iPhone 5 on sale, there's no longer a wait to buy one from Apple in some countries.

Today the company began showing online iPhone 5 shoppers a notice that the gadget was "in stock" in a handful of its online stores, including the U.S. and Canada. That's versus the previous estimate of two to four business days, notes MacRumors.

It's the shortest estimated wait time for the phone, which launched in the U.S. and eight other countries on September 21. Quickly after the device went on sale, wait … Read more

A U.S. judge has named the lead plaintiffs in the dozens of class-action lawsuits brought against Facebook over its bungled initial public offering, according to Reuters.

District Judge Robert Sweet has been assigned 42 cases against the social network, which he consolidated in October. Today he picked a handful of plaintiffs to head the suits. The lead plaintiffs include several state pension funds, such as the North Carolina Retirement Systems, Arkansas Teacher Retirement System, the Fresno County Employees' Retirement Association, and Banyan Capital Master Fund. Collectively, this group claims a combined loss of $7.1 million.

"Its members … Read more

Facebook's stock may be getting another boost soon, thanks to Nasdaq.

The social-networking company is set to replace Infosys on the Nasdaq 100, the collection of the largest 100 nonfinancial companies trading on the stock exchange. The company will be added to the index on December 12, according to CNBC, roughly seven months after its difficult IPO.

In addition to being an apparent nod toward the company's growing influence in the tech community, the move is also expected to lead to a stock price uptick as index fund managers snap up the stock to ensure that their fund … Read more